- Chainlink crypto price move plunged from the Pivot point of $33 and is in a downtrend on intraday session
- LINK/BTC pair is trading negative by 7.80% at 0.0006144 BTC
- The 24-hour trading volume in Chainlink is $1.21 Billion
The 24-hour technical chart of Chainlink crypto projects a bearish momentum. According to pivot points, LINK’s critical support level is $18.88. Whereas if it moves upside, the crucial resistance to watch is $33. Besides, the chart also features a bearish inside candle showing a bearish trend with medium reliability.
The Ichimoku Cloud, consisting of lead 1 & lead 2 with a displacement value of 1. It operates as a pivot level and a head indicator in the asset price variation. Investors may witness the price break below the green Moku Cloud and now travels below the red Moku Cloud, so until the price resides below the red Moku Cloud, it will assure a bearish trend in LINK.
The RSI (Bearish) with the value of 39.88 indicates a sell signal in the coin, and the RSI line went down from 50 to 39 on intraday session considered to be in a selling region. It may plunge in short-term trading sessions.
The volume of (2.79M) showcases below the Volume MA (11.68M) of 20-days. Chainlink requires buying pressure to drive its price level to an excessive region. Investors may also witness decreasing volume in the chart, indicating a big move is expected soon.
Chainlink (LINK) Crypto Could Plunge Upto $19.0
Chainlink’s crypto price was trading at $22.73 with 5.8% positive daily and 28.9% negative returns in the weekly period. Furthermore, the market cap stands at $9.88 Billion. Technically the price shows weakness and is below the red Moku Cloud. The RSI presents a sell signal. Volume is deficient than the 20 MA. Moreover, the price may plunge to $18 in future trading sessions.
Resistance: $33
Support: $18
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